KUALA LUMPUR (Oct 4): Malaysia Airports Holdings Bhd shares fell 3.1 percent, more than any full-day drop since Aug. 13, as Malaysia's benchmark index declined.
Market Metrics
* Shares declined to RM8.51, lower than any close since May 31, from RM8.78 in the previous session.
* Trading volume was more than double the 20-day average.
* The FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index lost 0.3 percent, and the MSCI AC Asia Pacific Index fell 0.7 percent.
Market Insights
* In the past year, the stock had a similar or greater loss seven times at the close; it advanced in the next trading session six times (2 percent, on average) and declined once (2.4 percent).
* Shares are at a 13 percent discount to the analysts' consensus target price. The stock traded at an average 8.5 percent discount over the past year.
* Kenanga Investment Bank Bhd analyst Adrian Ng upgraded the recommendation on Malaysia Airports to market perform and assigned a target price of RM8.60 today.
* Stock advanced 3.1 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 2.1 percent.